WILLIS LEASE FINANCE CORP

WLFC · Small cap · Calculated market cap · $1.1B · as of 2026-09-30

Company Stats

Market Cap: $1.1B; as of Sep 30, 2026
Enterprise Value: $3.8B
Shares Outstanding: 21.1M
Free Float: 43.7%

Income Statement

Revenue: $730.2M
Operating Income: $104.3M
Net Income: $113.8M
EBITDA: $215.8M
Revenue Growth, 3Y: 32.8%
FCF Margin, 3Y Avg: 45.1%
FCF Margin, Worst Year: 34.5%

Cash Flow

Free Cash Flow: $252.2M
FCF Yield: 23.9%
Owner FCF Yield: 19.7%

Balance Sheet

Cash & Equivalents: $16.4M
Total Debt: $2.7B
Net Debt: $2.7B
Net Debt / EBITDA: 12.58x
EV / EBITDA: 17.47x
Net Debt / EBIT: 26.04x

Returns & Capital

Dividends Paid: $8.7M
Dividend Yield: 0.8%
Dividend Payout, 3Y Avg: 5.8%
Share Repurchases: $3.8M
Buyback Yield, 3Y Avg: 0.4%
SBC, 3Y Avg: $29.5M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$730.2M	$252.2M	34.5%
FY2024	$569.2M	$268.8M	47.2%
FY2023	$418.6M	$224.6M	53.7%
FY2022	$311.9M	$137.8M	44.2%
FY2021	$274.2M	$88.5M	32.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Nov 3, 2026Willis Lease Finance Posts Record Revenue, Lower Profit

Other Coverage

September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges September 18, 2026 Theme Survey

Southwest Fares Jump 16.6% as Sabre Flags Mideast Booking Drag August 26, 2026 Deals

Willis Lease Finance to Buy 12 Aircraft and 13 Engines July 16, 2026 Small-Cap Signal

AI Infrastructure Pivot Trumps Legacy Cloud Resale July 15, 2026 Deals

Willis Lease to Buy 12 Aircraft, 13 Engines in Asset Deal June 30, 2026 Share Count Trends

Utilities Lead Quarterly Dilution as Materials Buybacks Gain

The Tip Desk